Bruce Springsteen has sold his publishing catalog to Sony for a reported $500 million, as Billboard reports.
The musician has sold his masters to Sony Music and his publishing to Sony Music Publishing in a combined deal, according Billboard sources. A rep for Sony declined to comment on the deal. Springsteen has remained with Sony’s Columbia Records since he launched his career, and was given ownership of his earlier albums. According the the RIAA, his album catalog has sold 65.5 million in the U.S., which includes his 15-times platinum Born in the U.S.A. and five-times platinum The River. A rep for Springsteen did not immediately return Rolling Stone‘s request for comment.
Springsteen is the latest in a long line of veteran artists that have parted ways with their publishing rights in the past couple of years. That list includes Bob Dylan, Paul Simon, Stevie Nicks, Lindsey Buckingham, Mick Fleetwood, Shakira, Jimmy Iovine, and David Crosby.